Pike County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Pike County, Arkansas based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Pike County, AR Benchmarks

FHA averages

Typical Property Value$155,714

Average Down Payment18.4%

Average Interest Rate6.581%

Effective Tax Rate0.60%

Median Tax Paid$713/yr

Tax Growth (Historical)+7.2%

Based on 28 regional loans totaling $3,380,000 (HMDA database).

Home Price

Down Payment

$28,651 down · $127,063 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$78 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$54 / month

Estimated Monthly Payment

$1,106/mo

Principal & Interest$824
Property Tax$78
Home Insurance$150
FHA MIP$54

Amortization · Remaining Balance

Financed Loan Amount

$129,286

Total Interest

$167,350

Total of Payments

$296,637

*Includes financed FHA Upfront MIP of $2,224

Local Market Insights

Pike County FHA Mortgage Overview

In Pike County, the FHA loan data reveals a market tailored for accessible homeownership, with an average property value of $155,714 and an 18.36% down payment. This lower entry point is ideal for buyers with sub-620 credit, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. The 81.64% loan-to-value ratio confirms this pattern, with 100% of purchases as primary residences. When assessing monthly costs using an FHA loan calculator with PMI and taxes in Pike County, AR, note the effective property tax rate of 0.60%. A recent 7.2% inflation-adjusted tax increase will modestly raise true affordability, making it critical to factor these into any Pike County FHA mortgage calculator with property taxes.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.